Sunlord Electronics guarantees RMB 600m for subsidiary

Shenzhen Sunlord Electronics Co., Ltd. has provided a guarantee of RMB 600,000,000 for its controlling subsidiary, Dongguan Sunlord Electronics Co., Ltd. This guarantee, formalized on November 27, 2025, via a "Maximum Guarantee Contract" with Dongguan Bank Co., Ltd. Dongguan Branch, covers debt principal, interest, penalties, liquidated damages, and other associated costs for credit facilities extended to Dongguan Sunlord. The guarantee is a joint and several liability, effective for three years from the expiry of the main contract's debt performance period.

This action follows approval at the company's 2024 Annual General Meeting on March 20, 2025, to provide guarantees for its controlling companies up to RMB 4,500,000,000 for the 2025 financial year. The current guarantee utilizes RMB 60,000,000 of this approved amount, bringing the total utilized guarantee amount for Dongguan Sunlord to RMB 439,000,000.

As of the announcement date, the company's total external guarantee amount is RMB 1,385,000,000, representing 221.15% of its latest audited net assets (consolidated). Guarantees provided to subsidiaries within the consolidated scope amount to RMB 956,069,520, which is 152.66% of the company's latest audited net assets. The company reported no overdue guarantees, guarantees involved in litigation, or guarantees for which it has been ruled liable.